They also condemned the de-listing of the state from the league of oil producing states, describing it as a plan to forment crisis in the otherwise peaceful state.

The government, it was learnt, is considering that the price of PMS should be allowed to increase within the range of N89.78 to N93.73 per litre, depending on the location, coastal or hinterland, reflecting cost-saving measures recently approved by the government and additional measures derived from the reports of two consultancy outfit on the review of PPPRA template.

The situation becomes even more curious when you recognize that the same CBN who is borrowing from the banks at more than 6% is also the same one guaranteeing interbank placements without the control meter of each bank’s reserve and gilt edge holdings! This also raises questions as to the $7bn shared between 14 banks by CBN under hitherto undisclosed terms.

When the crisis in the state took a turn whereby the political interests of Governor Daniel and Alausa were no longer in uniform alignment, Alausa deserted and joined Daniel’s enemies. In anger and retaliation, Daniel decided to expose Alausa and caused his newspaper to spin the yarn that it did with such relish that Monday.

…invites Sanusi, Ogunleye ….As NUJ calls for trial of suspects By Emmanuel Aziken &  Henry Umoru ABUJA—The Senate is pressing on all fronts to bring directors of failed banks indicted in the accumulation of N49 billion bad debts to book with a directive to the Economic and Financial Crimes Commission (EFCC) to recover and prosecute […]